Wall Street brokerages expect that Blue Apron Holdings Inc (NYSE:APRN) will announce earnings per share (EPS) of ($0.22) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Blue Apron’s earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.21). Blue Apron reported earnings of ($0.47) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 53.2%. The firm is scheduled to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Blue Apron will report full-year earnings of ($0.72) per share for the current fiscal year, with EPS estimates ranging from ($0.76) to ($0.70). For the next year, analysts expect that the company will report earnings of ($0.53) per share, with EPS estimates ranging from ($0.71) to ($0.39). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Blue Apron.

Blue Apron (NYSE:APRN) last issued its earnings results on Thursday, August 2nd. The company reported ($0.17) earnings per share for the quarter, hitting the consensus estimate of ($0.17). Blue Apron had a negative net margin of 24.64% and a negative return on equity of 89.80%. The company had revenue of $179.60 million for the quarter, compared to analyst estimates of $188.51 million. During the same period in the prior year, the business posted ($0.47) earnings per share. The firm’s revenue for the quarter was down 24.6% compared to the same quarter last year.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Blue Apron from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Barclays reduced their price target on shares of Blue Apron from $3.50 to $2.50 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Morgan Stanley reduced their price target on shares of Blue Apron from $1.90 to $1.30 and set an “equal weight” rating on the stock in a report on Friday, August 3rd. SunTrust Banks reaffirmed a “hold” rating and issued a $2.00 price target on shares of Blue Apron in a report on Thursday, August 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $6.00 price target on shares of Blue Apron in a report on Thursday, August 2nd. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $3.95.

In other news, General Counsel Benjamin C. Singer sold 10,000 shares of the stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $3.05, for a total value of $30,500.00. Following the completion of the sale, the general counsel now owns 15,940 shares of the company’s stock, valued at $48,617. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Ilia M. Papas sold 157,692 shares of the stock in a transaction on Friday, July 6th. The stock was sold at an average price of $3.43, for a total transaction of $540,883.56. Following the completion of the sale, the chief technology officer now directly owns 78,100 shares of the company’s stock, valued at approximately $267,883. The disclosure for this sale can be found here. Insiders sold 443,415 shares of company stock valued at $1,313,743 in the last three months. Company insiders own 56.24% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in APRN. Millennium Management LLC lifted its stake in Blue Apron by 285.7% in the 2nd quarter. Millennium Management LLC now owns 2,242,735 shares of the company’s stock valued at $7,513,000 after buying an additional 1,661,211 shares in the last quarter. River & Mercantile Asset Management LLP lifted its stake in Blue Apron by 74.7% in the 1st quarter. River & Mercantile Asset Management LLP now owns 3,882,753 shares of the company’s stock valued at $7,746,000 after buying an additional 1,660,748 shares in the last quarter. OZ Management LP lifted its stake in Blue Apron by 3,200.0% in the 1st quarter. OZ Management LP now owns 465,000 shares of the company’s stock valued at $930,000 after buying an additional 480,000 shares in the last quarter. Tiedemann Advisors LLC purchased a new position in Blue Apron in the 1st quarter valued at about $689,000. Finally, Teton Advisors Inc. purchased a new position in Blue Apron in the 1st quarter valued at about $225,000. 12.96% of the stock is owned by institutional investors.

Shares of NYSE APRN opened at $1.82 on Monday. Blue Apron has a 12-month low of $1.70 and a 12-month high of $6.25. The stock has a market capitalization of $350.35 million, a price-to-earnings ratio of -1.11 and a beta of -1.21. The company has a current ratio of 2.74, a quick ratio of 2.30 and a debt-to-equity ratio of 0.74.

About Blue Apron

Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.

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Earnings History and Estimates for Blue Apron (NYSE:APRN)

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